Psychology | |||||
Bachelor | Length of the Programme: 4 | Number of Credits: 240 | TR-NQF-HE: Level 6 | QF-EHEA: First Cycle | EQF: Level 6 |
School/Faculty/Institute | Faculty of Economics, Administrative and Social Sciences | ||||
Course Code | ECON 204 | ||||
Course Title in English | Macroeconomic Theory II | ||||
Course Title in Turkish | Makroekonomik Teori II | ||||
Language of Instruction | EN | ||||
Type of Course | Flipped Classroom | ||||
Level of Course | Seçiniz | ||||
Semester | Spring | ||||
Contact Hours per Week |
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Estimated Student Workload | 135 hours per semester | ||||
Number of Credits | 5 ECTS | ||||
Grading Mode | Standard Letter Grade | ||||
Pre-requisites |
ECON 203 - Macroeconomic Theory I |
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Expected Prior Knowledge | Prior Knowledge of Macroeconomic Theory and Mathematics is expected. | ||||
Co-requisites | None | ||||
Registration Restrictions | Only Undergraduate Students | ||||
Overall Educational Objective | To learn the theory and tools necessary to understand the aggregate economy. | ||||
Course Description | This course focuses on the role of expectations in financial markets, in output fluctuations, in consumption and investment decisions. In the context of the course the implications of openness in goods markets and financial markets, the properties of different exchange rate regimes and current challenges in monetary and fiscal policy are also examined. | ||||
Course Description in Turkish | Bu ders beklentilerin finansal piyasalar, çıktı dalgalanmaları, tüketim ve yatırım kararları üzerindeki rolüne odaklanmaktadır. Ders kapsamında ayrıca açık piyasa ekonomileri kapsamında mal piyasaları ve finansal piyasalar, farklı döviz kuru rejimlerinin özellikleri ile para ve maliye politikasındaki güncel zorluklar ele alınmaktadır. |
Course Learning Outcomes and CompetencesUpon successful completion of the course, the learner is expected to be able to:1) Analyze the role of expectations in financial markets; in consumption and investment decisions; in output fluctuations; 2) Describes the implications of openness in goods and financial markets; 3) Explains the equilibrium in goods and financial markets in an open economy; 4) Demonstrate knowledge and skills in differentiating the properties of different exchange rate regimes; 5) Understanding monetary policy and fiscal policy in international setting of capital markets. |
Program Learning Outcomes/Course Learning Outcomes | 1 | 2 | 3 | 4 | 5 |
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1) Thorough knowledge of the major concepts, theoretical perspectives, empirical findings, and historical trends in psychology. | |||||
2) Understanding of and ability to apply essential research methods in psychology, including research design, data analysis, and data interpretation. | |||||
3) Competence to use critical and creative thinking, skeptical inquiry and a scientific approach to solving problems related to behavior and mental processes. | |||||
4) Understanding and ability to apply psychological principles, skills and values in personal, social, and organizational contexts. | |||||
5) Ability to weigh evidence, to tolerate ambiguity, and to reflect other values that underpin psychology as a discipline. | |||||
6) Internalization and dissemination of professional ethical standards. | |||||
7) Demonstration of competence in information technologies, and the ability to use computer and other technologies for purposes related to the pursuit of knowledge in psychology and the broader social sciences. | |||||
8) Skills to communicate the knowledge of psychological science effectively, in a variety of formats, in both Turkish and in English (in English, at least CEFR B2 level). | |||||
9) Recognition, understanding, and respect for the complexity of sociocultural and international diversity. | |||||
10) Recognition for the need for, and the skills to pursue, lifelong learning, inquiry, and self-improvement. | |||||
11) Ability to formulate critical hypotheses based on psychological theory and literature, and design studies to test those hypotheses. | |||||
12) Ability to acquire knowledge independently, and to plan one’s own learning. | |||||
13) Demonstration of advanced competence in the clarity and composition of written work and presentations. |
N None | S Supportive | H Highly Related |
Program Outcomes and Competences | Level | Assessed by | |
1) | Thorough knowledge of the major concepts, theoretical perspectives, empirical findings, and historical trends in psychology. | N | |
2) | Understanding of and ability to apply essential research methods in psychology, including research design, data analysis, and data interpretation. | N | |
3) | Competence to use critical and creative thinking, skeptical inquiry and a scientific approach to solving problems related to behavior and mental processes. | H | Exam,HW,Participation |
4) | Understanding and ability to apply psychological principles, skills and values in personal, social, and organizational contexts. | N | |
5) | Ability to weigh evidence, to tolerate ambiguity, and to reflect other values that underpin psychology as a discipline. | N | |
6) | Internalization and dissemination of professional ethical standards. | N | |
7) | Demonstration of competence in information technologies, and the ability to use computer and other technologies for purposes related to the pursuit of knowledge in psychology and the broader social sciences. | N | |
8) | Skills to communicate the knowledge of psychological science effectively, in a variety of formats, in both Turkish and in English (in English, at least CEFR B2 level). | N | |
9) | Recognition, understanding, and respect for the complexity of sociocultural and international diversity. | S | Participation |
10) | Recognition for the need for, and the skills to pursue, lifelong learning, inquiry, and self-improvement. | S | HW,Participation |
11) | Ability to formulate critical hypotheses based on psychological theory and literature, and design studies to test those hypotheses. | N | |
12) | Ability to acquire knowledge independently, and to plan one’s own learning. | S | Exam,HW |
13) | Demonstration of advanced competence in the clarity and composition of written work and presentations. | H | Exam,HW |
Prepared by and Date | NAZLI KARAMOLLAOĞLU , November 2023 |
Course Coordinator | NAZLI KARAMOLLAOĞLU |
Semester | Spring |
Name of Instructor | Assoc. Prof. Dr. NAZLI KARAMOLLAOĞLU |
Week | Subject |
1) | Introduction |
2) | Financial Markets and Expectations (Bonds) |
3) | Financial Markets and Expectations (Stocks) |
4) | Expectations, Consumption, and Investment |
5) | Expectations, Output, and Policy |
6) | Openness in Goods and Financial Markets |
7) | The Goods Market in an Open Economy |
8) | Review and Midterm |
9) | Output, the Interest Rate, and the Exchange Rate |
10) | Exchange Rate Regimes |
11) | Should Policymakers Be Restrained? |
12) | Fiscal Policy: A Summing Up |
13) | Monetary Policy: A Summing Up |
14) | Review |
15) | Final Examination Period |
16) | Final Examination Period |
Required/Recommended Readings | Macroeconomics, by Oliver Blanchard Pearson, 8th edition. | |||||||||||||||
Teaching Methods | Flipped classroom | |||||||||||||||
Homework and Projects | Homework and Quizzes | |||||||||||||||
Laboratory Work | none | |||||||||||||||
Computer Use | none | |||||||||||||||
Other Activities | none | |||||||||||||||
Assessment Methods |
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Course Administration |
karamollaoglun@mef.edu.tr More detailed information about the course, like office hours, can be found on the blackboard. Attendance is required. Academic Dishonesty and Plagiarism: YOK Regulation |
Activity | No/Weeks | Hours | Calculation | ||||
No/Weeks per Semester | Preparing for the Activity | Spent in the Activity Itself | Completing the Activity Requirements | ||||
Course Hours | 14 | 1.5 | 3 | 2 | 91 | ||
Homework Assignments | 10 | 1 | 1 | 20 | |||
Quiz(zes) | 4 | 1 | 0.5 | 6 | |||
Midterm(s) | 1 | 6 | 2 | 8 | |||
Final Examination | 1 | 10 | 2 | 12 | |||
Total Workload | 137 | ||||||
Total Workload/25 | 5.5 | ||||||
ECTS | 5 |